UN Report on Iraq Oil-for-Food Shows Corruption and UN Official Pleads

On August 8, 2005, the United Nations Independent Inquiry Committee into the United Nations Oil-for-Food Program issued its third interim report, highlighting apparent corrupt activities of two high-level U.N. officials. One of the officials immediately pled guilty after the UN waived his immunity. The report focused on the illicit activities of Mr. Sevan in concert with past or present principals of African Middle East Petroleum Co., Ltd. (AMEP), Efraim (Fred) Nadler and Fakhry Abdelnour, and evidence that a UN procurement officer, Alexander Yakovlev, in concert with French businessman Mr. Yves Pintore, actively solicited a bribe in connection with the Oil for Food Program and otherwise presumptively accepted illicit payments from other UN contractors outside the Program?[more]